This time its different.....What amazes me about the whole cycle is how close both topping patterns played out.
1. The double top pattern with a lower higher on the daily market the top and a massive drop.
2. This phase of the pattern was not exactly the same. 2017 we had a 98% bounce and in 2022 we had a 41% bounce but it did take around the same time before starting the next leg with 2017 taking 52 days and 2022 taking 62 days.
3. Now this is where things start lining up pretty damn well , same impulse move up and a double top but with a higher high trapping in everyone thinking we were going higher.
Now this entire move was all orchestrated. I explain why in detail below in a different TA .
4. This phase was nearly a perfect mirror from 2017 and it was obvious at this point at least to me that bitcoin was in full distribution , which tends to happen in bear markets.
5. After phase 4 is over then proceed to pump 41% in 2017 and 45% in 2022 , only to return back to marker 2.
The bull market blueprint of 2021 was in 2017 , the same players using the same tactics to leave most of retail high and dry. They don't even bother to change the way they do it, rinse and repeat .
I always thought Bitcoin was the people's money but now after this bullrun and understanding the way they move the market I really don't think so anymore, the same 7-10 year old wallets shift the market right in plain sight , everyone has access to glassnode just go there set 7-10 year old wallets and see for yourself , market is rigged.
Check out the comments I posted on this TA published nearly 2 months before this crash. That weekend I was getting massive alarms for the 7-10 year old wallets, same story different cycle…..
There is still hope for decentralisation and to bring power back to the people but it's not through Bitcoin , it's through cult dao .
A project that is bringing back true decentralisation.
The Website -https://cultdao.io
The Whitepaper/manifesto -https://cultdao.io/wp-content/uploads/2022/01/CULT-DAO-Manifesto-1.pdf
